Matia Kasaija Appoints New NSSF Board Members

Posted by: Suubi Anne in Uganda news September 2, 2021

Matia Kasaija, the Minister of Finance has appointed new board members for the National Social Security Fund(NSSF). They will serve until 2024.

They are going to be headed by Dr. Peter Kimbowa, who is a corporate governance and management expert. Kimbowa has replaced Patrick Byabakama Kaberenge. Byabakama’s reign expired on 31st August 2021.

In his maiden speech, Kimbowa said he sees this appointment as a challenge professionally and personally.

“It is a big challenge at a personal and professional level, because the fund has been very successful beyond expectations over the last 8 years or so. So, we will have to find what is missing, or the next opportunity that can regenerate the fund, re-imagine what else is possible to create the fund of the future,” Kimbowa said.

He promised to only raise substantive issues to improve governance of the fund in his reign.

“We will ask the right questions, be open minded with a deep sense of curiosity. But we must also be willing to remain agile and very adaptive, move with the times but also ahead of the times. In summary, we will ask, analyse and follow through,” the NSSF board chairman added.

He says his vision for the next three years is to reshape and repurpose the investment portfolio. This is in order to make it more responsive to the market.

He adds that they will take advantage of the fifth industrial revolution by prioritizing digitization and to ensure the right culture to make NSSF fit for its purpose.

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